Why: After spending a year ill I was diagnosed with celiac disease. Changing my diet improved my health and my appetitite. I have a lot of friends and family who felt bad for my situation and kept buying me candy in order to make me feel happier. The candy worked, but it's making it so that I can't fit in my clothes; I have been gaining 2-3 lbs a month, with no signs of slowing down. This needs to stop.
Penalty for failure: Each month where I do not have at least one percentage point in body fat less than the previous month, I will pay a fine of $300 (USD) through the website stickK.com.
Where will the money go?: As I mentioned yesterday, I am letting the economics blogging community decide where my failure money will go. I chose 12 blogs each to determine where $100 of my failure money should go. Ten have agreed to participate:
March Failure Money
April Failure Money
May Failure Money
June Failure Money
On Friday I will reveal the choices the various bloggers have made as to where the failure money should go. Marginal Revolution and Greg Mankiw have already revealed their choices.